Abeer Al Shaali is proud that her father Mohammed Al Shaali’s successful yacht-building business, Gulf Craft, has almost 2,000 employees from a wide range of nationalities. “We’ve got Filipinos, Indians, Thais, Britons, Italians, Australians, Lebanese, Egyptian, other GCC nationals, and our CEO is Belgian. We have staff from everywhere, really”, says the Emirati Ms Al Shaali, who is Gulf Craft’s executive management officer. “But what we don’t really have is many Emiratis. That’s the issue we’re working on.”
Despite the UAE’s cultural tradition of dhow boatbuilding, Gulf Craft is struggling to find Emirati employees willing to work in the modern industry. The only Emiratis at the company apart from Ms Al Shaali are her father Mohammed, the chairman, and her brother Hussain – Gulf Craft’s research and development manager.
Ms Al Shaali thinks the shortfall is owing to a lack of awareness in local circles about the industry.
“The focus here has always been to go into the public sector, and I think people are just not aware that this industry exists here,” she says. “The UAE is heavily reliant on the service sector and that’s essential to building a vibrant society – but you need industry as the infrastructure of your economy.
“It’s a point of pride when you can build something from scratch and it says ‘made in the UAE’ on it”
Ms Al Shaali says she recently illustrated her point during a job interview with a potential new Emirati employee.
“I told him: ‘if you get your degree and end up at an oil company, you will, at best, be doing maintenance checks on a cargo ship. Whereas if you come work at Gulf Craft, you will be able to have dreams and draw them out and see them come to life as physical creations that will sail away from you, and that will go out and represent you in the world’. That should be motivation.”
Ms Al Shaali’s father co-founded Gulf Craft in 1982, while also serving as the UAE Ambassador to the US. The family lived in New York when Ms Al Shaali was very young, and she spent her high school years in Washington DC.
“We always came back to the UAE during the summer,” she recalls. “Going out on boats has always been something connected to my father. In the UAE we were a short trip away from the marina where we could just get on the boat and go. In the States, it was harder but my father still managed to berth a yacht there.”
Her own interest in the company came during her studies in Texas, when she asked her father to give her a job.
“I’d watched my father building up this company my whole life and was always very proud of him,” says Ms Al Shaali, now 36 and a mother of four children.
As the first Emirati woman to work at the company, she is based at the headquarters in Ajman. Now she is on a mission to find more women to join her.
“When my father first spoke to me a few years ago about hiring the first women – not secretaries, but staff in the design department – what he really wanted was to get a different aesthetic,” she says. “He appreciated the different skills and perspectives that women bring to a job. The company is flexible with working women too, we’re aware that our staff have families.”
To attract more Emirati staff, Gulf Craft plans to sponsor a maritime engineering and naval architecture student through a four-year-programme at the Higher Colleges of Technology (HCT).
HCT’s maritime dean, Martin Renilson, explains: “For the first two years it’s a general engineering programme, which can be done at any of the big HCT colleges – Sharjah, for example, which is near Gulf Craft’s offices in Ajman. The last two years involve specialist maritime courses taught in Abu Dhabi.”
Mr Renilson says the engineering aspect of the course is as important as the aesthetics of yacht-building. “These luxury yachts are not just boxes on water, they’re palaces,” says Mr Renilson, who is based at Abu Dhabi Men’s College. “So the naval architect designing these yachts has to understand not just the structure, but how it looks. I think females in particular would be very good at it.”
Gulf Craft also hopes to recruit interns, from any of the UAE’s colleges, for its new trainee programmes.
“An electrical engineer will work with circuit boards but all he’ll ever see is something on a screen, whereas when you go down into a yacht and you have to put the circuit together, then you realise all the actual physical obstacles you have to face,” says Ms Al Shaali. “He then understands that it’s not just a drawing with points and lines. He will have to figure out how his idea will work with the physical architecture of a boat.”
Ms Al Shaali adds: “People come to work here and they stay for 20 years. My father always says ‘I have heroes working for me’. And I think he believes it.”
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What is type-1 diabetes
Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.
It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.
Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
From Conquest to Deportation
Jeronim Perovic, Hurst
Mia Man’s tips for fermentation
- Start with a simple recipe such as yogurt or sauerkraut
- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.
- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.
- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The winners
Fiction
- ‘Amreekiya’ by Lena Mahmoud
- ‘As Good As True’ by Cheryl Reid
The Evelyn Shakir Non-Fiction Award
- ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi; translated by Ramon J Stern
- ‘The Sound of Listening’ by Philip Metres
The George Ellenbogen Poetry Award
- ‘Footnotes in the Order of Disappearance’ by Fady Joudah
Children/Young Adult
- ‘I’ve Loved You Since Forever’ by Hoda Kotb
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
The%20Killer
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Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
LA LIGA FIXTURES
Thursday (All UAE kick-off times)
Sevilla v Real Betis (midnight)
Friday
Granada v Real Betis (9.30pm)
Valencia v Levante (midnight)
Saturday
Espanyol v Alaves (4pm)
Celta Vigo v Villarreal (7pm)
Leganes v Real Valladolid (9.30pm)
Mallorca v Barcelona (midnight)
Sunday
Atletic Bilbao v Atletico Madrid (4pm)
Real Madrid v Eibar (9.30pm)
Real Sociedad v Osasuna (midnight)
Mohammed bin Zayed Majlis
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
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UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed dual clutch
Power: 710bhp
Torque: 770Nm
Speed: 0-100km/h 2.9 seconds
Top Speed: 340km/h
Price: Dh1,000,885
On sale: now
Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
Mindful Eating by Dr Jan Bays
How to Raise a Mindful Eaterby Maryann Jacobsen
South Africa World Cup squad
South Africa: Faf du Plessis (c), Hashim Amla, Quinton de Kock (w), JP Duminy, Imran Tahir, Aiden Markram, David Miller, Lungi Ngidi, Anrich Nortje, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada, Tabraiz Shamsi, Dale Steyn, Rassie van der Dussen.
The%20Witcher%20-%20season%20three
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Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
The lowdown
Bohemian Rhapsody
Director: Bryan Singer
Starring: Rami Malek, Lucy Boynton, Gwilym Lee
Rating: 3/5
Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you